Month

August 2008

Heerlen / NL. (dsm) Royal DSM N.V. announces the closure of its citric acid manufacturing plant in Wuxi (China) by the first quarter 2009. The closure follows a request from the local government to relocate the plant from its current location as this location is needed for future urban developments.

Southport / AU. (rfg) Leading Australian retail food brand manager and franchisor Retail Food Group Limited (RFG) announced a 134 percent increase in net profit in spite of the recent economic turbulence which has hit consumer confidence.

Kiev / UA. (ami) Due to high level of grain harvest in the new season, Ukraine will again work to take one of the leading positions among the world grain exporters. According to the Ukrainian Grain Association, Ukraine will export nearly seven to eight million tonnes of wheat.

Minsk / BY. (ami) During January to July 2008, the enterprises of the Bakery Department of the Ministry of Agriculture and Food of Belarus produced 26'400 tonnes of cereal, an increase of 45,1 percent compared to the same period last year.

Sarajevo / BA. (wib) Bosnia´s biggest flour milling and bakery company Klas DD had a first-half 2008 net profit of 113'000 BAM (58'000 EUR), down from 947'000 BAM profit it made in the year ago period - despite a rise in sales, media reported.

Valcea / RO. (zf) Boromir Ind. SRL, one of the leading producers in the Romanian milling and bakery industry, forecasts for its fiscal year 2008 an over 25 percent higher turnover than last year - approximately 600 million RON (more than 166 million EUR).

Macquarie Park / AU. (gfl) Goodman Fielder Limited has warned shareholders not to expect profit growth until 2010 due to the economic slowdown, which it says will drive consumers away from its products and towards house brands.